Financial Management

Like any other business, an independent insurance agency must pay attention to its financial well-being. These basic tools will help you manage your agency’s financial operation.


 Get more sophisticated financial tools at IIABA/Reagan Consulting Best Practices

Managing Accounts Receivables and Accounts Receivable Policy

Even with the dominance of direct billing, A/R is still an area that can get an agency in trouble. These two sections outline strategies to manage accounts receivables effectively.

Premium Financing

Outlines the permissible options for agencies own financing of accounts, including information on late fees, installment plans and credit cards.

Premium Finance Compensation

Outlines the regulations permitting limited compensation for the placement of premium finance business with a premium finance company.